When do you think energy companies will announce the 1st April prices for people on fixes?

Scot_39

https://forums.moneysavingexpert.com/discussion/comment/81923007#Comment_81923007

There are no boosted profits for our suppliers - they had to pass on / fund external schemes with all of that money.

So lets say the typical fix is 1 yr - and taken so the average person on a fix has had 6m and has 6m remaining - come Apr 1st.

Lets just have a look at all the extras the govt (or govt via Ofgem to a large extent) has added - or will be adding in Apr - over that 6m - in the Oct to the coming Apr Cap - all PA figures for simplicity - from last 3 Ofgem cap letters - that those on fixes are currently "protected from"

And ignoring those like the extra £17 to be added to wholesale - as that I would expect to be hedged against for fixes.

https://www.ofgem.gov.uk/sites/default/files/2025-08/summary-of-changes-to-energy-price-cap-1-october-to-31-december-2025.pdf

£17 WHD

£24 Network

https://www.ofgem.gov.uk/sites/default/files/2025-11/Summary-of-changes-to-energy-price-cap-1-January-to-31-March-2026.pdf

£7 extra on WHD

£14 nuclear

Total

£62 ex VAT, £65 inc VAT

Currently over 1/2 those on fixes may not be paying a penny for those existing non wholesale energy costs.

https://www.ofgem.gov.uk/sites/default/files/2026-02/Summary-of-changes-to-energy-price-cap-1-April-to-30-June-2026.pdf

£66 ex VAT, £69 inc VAT Network

So over 6m total

£128 ex VAT, £134 in VAT

To put that £128 figure into perspective - companies are allowed from Apr - just £42 EBIT (operating profit) at the cap level - fixes are often cheaper - so maybe even less for same consumption.

So just those extra govt charges - in just 6m of caps - have potentially wiped that out - 3x over - for those on fixes.

Now maybe these firms can insure against those (or maybe - by some miracle Ofgem do not expect them to pay for those on fixes - but I am not convinced) but that also comes at a cost.

And somehow those on fixes think its OK for companies to have to "eat" all of those additional costs.

But yet as soon as the govt moves part of the charges to taxation - so in reality saving many nothing at all - as the costs all still exist - they should immediately "benefit".

At cap TDCVs the budget move to taxation is worth just £133 inc VAT.

If the system was totally fair to suppliers - just again looking at govt / Ofgem changes above - for those on 6m old fixes would see a net £1 increase - not a saving.

Oh and still be looking at future higher record tax take and goods / purchasing costs. Just as those on SVT are or will soon be paying those costs.

Its an insult to those on SVT who have been - and will be paying those costs - immediately come in - to protect those on fixes from them.

That £128 if not recovered - is potentially another part - if not complete - disaster for struggling company finances.

Have we learned nothing from the whole failure and SoLR example - that cost us on average around £100 iirc.

If I was a supplier - looking at that £128 figure - again in just 6m - not even a full year - govt and Ofgem market price disruptions in the main - I would be looking even harder now than in the past to move to the system that SP offered for a while - fixes effectively only protecting customers against wholesale related costs.

Or simply charging a lot more for fixes - to recover it.

What_time_is_it

https://forums.moneysavingexpert.com/discussion/comment/81923132#Comment_81923132

To paraphrase Ricky Tomlinson, “Insult, my a@&e!”

Scot_39

wow - no defense - no rational opposing view point.

Do people clearly have short memories - its only a few years since fixes disappeared.

They are not a right.

the rate of non wholesale charge changes - the £134 in just 3 caps/ 6months - with far more already priced in (Ofgems £108) and others forecast + Iran crisis even if milder // shorter duration - could well see another.

and with 2 crisis in short period - Iran now on on top of an only partially recovered Ukraine crisis - arguably even more likely to impact long term strategies.

Ildhund

When do you think energy companies will announce the 1st April prices for people on fixes?

I don't think suppliers are under any obligation to announce price decreases. They do have to notify Disadvantageous Unilateral Variations, though:

Scot_39

According to the post this thread is in have started sending out fixes rates

https://forums.moneysavingexpert.com/discussion/comment/81923964#Comment_81923964

£3 by July doesnt sound much as a share of £150 - but perhaps just a very low user.

At the theoretical 3.54p on electric, £3 about 75kWh import

Phones4Chris

A friend has received an email, the Octopus 12M Fixed November 2025 v2 tariff Region 14 from April 1st is seeing the unit price decrease from 25.05p to 21.54p because of the HMG Budget change. No change to SC.

Scot_39

The full drop then.

Let's hope suppliers are somehow protected or strong enough to survive the £134 increases, not being paid by millions of their fixed customers.

dicoke

Ecotricity have confirmed to me that my fixed gas 12 month tariff will not be changing on 1st april.

They're currently using the excuse that any reduction in prices will only apply to dual fuel customers.

Scot_39

Strange choice given the eco applies to both fuels - but perhaps ecotricity too small to have been paying ECO anyway.

Others like Fuse iurc didnt save on ECO.

The biggest - ave £92 for 75% RO was electric only vs ave £62 ECO split per fuel is by far the heaviest weighting on electric - summing to c3.5p / kWh.

But even the 0.3p/kWH should come off gas in theory for eco liable suppliers.

ReallyFace

As a dual fuel customer ecotricity shared their new rates today. Only a discount on electricity rates.

What is frustrating though is that they haven't reduced the night unit rate by the same amount. It's 69% of day rate instead of 68% which it had been.

It's a tiny tiny change (actually less than 1%) but it adds up and as a customer it's disappointing to not have that discount consistent. I assume there's nothing to enforce that the levels between day and night rate remain consistent?